Hot Melt Adhesive Market Overview
The Global Hot Melt Adhesives Market was valued at USD 8.68 Bn. in the year 2023 and is expected to reach USD 11.42 Bn. by 2030 with a growing CAGR of 3.9% over the forecast period of 2024-2030.
Stellar Market Research, an Hot Melt Adhesive business research firm has published a report on the “Hot Melt Adhesive Market”. As per the “Hot Melt Adhesive report,” the total market for Hot Melt Adhesive was USD Hot Melt Adhesive in 2023 and is expected to reach USD Hot Melt Adhesive by 2030.
Hot Melt Adhesive Market Report Scope and Research Methodology
The report analyzes the strategies of the top players in the Hot Melt Adhesive industry. It gives insight into different market segments and regions. Market dynamics like drivers, restraints, opportunities, and challenges are analyzed both regionally and by segment. The Hot Melt Adhesive Market report uses a bottom-up approach to estimate the market size globally and regionally. SWOT and descriptive analyses provide key information. The study aims to deliver important insights on the Hot Melt Adhesive Market. Data is collected using qualitative and quantitative methods to track market trends. The future market outlook is evaluated considering R&D projects, innovative practices, and market consolidations.
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/req_sample/hot-melt-adhesives-market/2433
Hot Melt Adhesive Market Regional Insights
In 2023, the Asia-Pacific region dominated the hot melt adhesives market with a significant revenue share of over XX.X%. This growth is driven by a surge in e-commerce services and an increasing demand for nonwoven products. Key markets within the region, such as India, China, and South Korea, are experiencing robust growth. India’s expanding consumer base and rising industrial activities are contributing to the market’s expansion. China’s substantial manufacturing sector and rapid industrialization are driving demand for nonwoven products. South Korea’s advanced technological infrastructure and strong manufacturing base further bolster the region’s market performance. The hot melt adhesives used in nonwoven products are gaining popularity, providing additional market opportunities and propelling demand.
Hot Melt Adhesive Market Segmentation
By Type: In 2023, the Ethylene-vinyl Acetate (EVA) segment commanded over 40.0% of the hot melt adhesives market by volume. EVA’s dominance is attributed to its copolymer nature, which endows it with excellent adhesion, robust mechanical strength, paraffin solubility, and superior flexibility. These characteristics make EVA a versatile choice for various industries, including packaging, assembly, paper, and automotive, thus driving its substantial market share.
Hot Melt Adhesive Market Key Players
Jowat SE
Arkema Group
Ashland
3M
Avery Dennison Corporation
Beardow Adams
Hexcel Corporation
Akzo Nobel N.V.
Exxon Mobil Corporation
HEARTLAND ADHESIVES LLC
REXtac, LLC
Toyobo Co., Ltd
TEX YEAR INDUSTRIES INC
Huntsman International
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/hot-melt-adhesives-market/2433
Key questions answered in the Hot Melt Adhesive Market are:
- What is Hot Melt Adhesive?
- What was the Hot Melt Adhesive market size in 2023?
- What is the growth rate of the Hot Melt Adhesive Market?
- Which are the factors expected to drive the Hot Melt Adhesive market growth?
- What are the different segments of the Hot Melt Adhesive Market?
- What growth strategies are the players considering to increase their presence in Hot Melt Adhesive?
- What are the upcoming industry applications and trends for the Hot Melt Adhesive Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Hot Melt Adhesive Market?
- What segments are covered in the Hot Melt Adhesive Market?
- Who are the leading companies and what are their portfolios in Hot Melt Adhesive Market?
- What segments are covered in the Hot Melt Adhesive Market?
- Who are the key players in the Hot Melt Adhesive market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
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